The Sentinel

Detroit is Hemorrhaging

XeroJ,

I agree, let them fail. I was just making the point that according to GM itself it had only about 12 billion left. Of course that's operating cash. But even if the 100 billion dollar amount is true ( and I have no reason not to believe you), with inflation (and not the silly number the government trots out, but the one before the Clinton Admin. chose to NOT report the way it was for decades before in order to artificially keep all those Gov. funded liabilities based on inflation from eating up the budget while they were in power, which, of course, Bush the Stupid decided to keep as well) at 8.5% and health care inflation at 10-20%, that CD making 5% for GM is pretty much worthless.

Even when our Dollar was worth something, today 100 Billion won't buy you much.


On Nov 08 07:26 PM XeroJ. wrote:

> Also, with 5% or higher CD rates, that 100 billion will generate
> lots of interest and should last a long long time for them.

Detroit is Hemorrhaging

Now you have raised a very interesting point. No matter how you come down on the abortion issue, the fact remains that by Planned Parenthood's own numbers the number of babies aborted since 1973 here in America alone is 50 million.

So that means there are, right now, a whole lot less consumers who would be buying cars, (some of those America models), a whole lot of factory workers not making those cars, and a lot of people not alive to work in order to pay taxes in order to fund education, infrastructure, Social Security, Medicare, Medicade, etc. etc.

Oh...by the way....the highest percentage by far of aborted babies are black. Which means that if those babies had been carried to term, there would have been enough to vote for Gore, or Kerry or the first black President long before Obama.

Another economic irony.....all those Baby Boomers who aborted their children.....those children would now be alive to pay for their retirement. But now all we can hope for is amnesty for illegal immigrants. Which, by the way, there are 25 million in this country and if the word got out that amnesty was on the way, it has been estimated that at least two more family members at a minimum would try to run across the border in order to make the amnesty deadline. Which would swell their numbers up to .....hmmmm.....close to 50 million......around the number of children aborted since 1973.

Karma....it is a bitch.


On Nov 08 06:29 PM waynei wrote:

> Gov Granholm should propose that Michigan become the Abortion and
> Euthanasia Capital of the World! Now that we have a pro abortion
> president, house and senate with Granholm a hugh proponent of abortion/euthanasia-
> Michigan can lead the way and create thousands of jobs. Great location
> to draw teenage girls from Canada. Harvest those stem cells and market
> them to cure wrinkels and baldness.
> where others see crisis granholm sees opportunity
> waynei

Detroit is Hemorrhaging

Well, sickofthehype, the reason Toyota does build great cars in America was because of our dumb-ass Republican and Democratic CONgress giving the Japanese a break on tariffs on imported car sales by allowing them to build factories here in order to say that their Japanese designed, Japanese tooled parts that went into those cars were indeed American built cars and not subject to tariffs. It was also done to help the auto industry that was already showing declines along with a broader manufacturing base decline to retain American industrial workers from being laid off never to return.

Once again... a short-sighted, band-aid approach to solutions from our friendly, neighborhood Congress.

But then again...can't lay the blame entirely on them....after all.....they represent us.....do they not?

Detroit is Hemorrhaging

"America DOES produce great autos, it's just that Toyota is making them."

Ouch!


On Nov 08 05:55 PM sickofthehype wrote:

> When you build a POS for so many years in a row, and are REactive
> not PROactive, bad things happen.
>
> If American car co's were spending more time coming up w/ better
> products, they wouldn't be in this position.
>
> Not to mention, I owned a 1995 Chevy Tahoe 4X4. It came off the assembly
> line in MEXICO. Now I own a Toyota that came off the line in Indiana.
> America DOES produce great autos, it's just that Toyota is making
> them.

Detroit is Hemorrhaging

The only problem with that XeroJ is that they do not have the money to buy out their Union Contracts AND pay for pensions AND pay for health care for workers and retirees.


On Nov 08 06:00 PM XeroJ. wrote:

> GM & Ford must move to the Southern States where workers are
> friendly and no unions. Otherwise, NO CHANCE of Survival, Simple.

Detroit is Hemorrhaging

I'll just cut and paste a reply to a really "smart fellow" named "Gumby"....(Yep....Gum... who said the only problem that the automakers have is not enough shareholders and that you should call your broker now to buy these really cheap stocks.

Here it is.....

Yeah...right, Gumby.....why don't you just stick to acting in dumb stop-motion cartoons.

Shareholders smell dog crap in the US automakers, but it's very old, dried out, bleached white dog crap. Look at a 50 year time-line of profitability and market share, and you tell me if these these companies deserve life support from the government. This will be the SECOND TIME that Chrysler has had it chestnuts pulled from the fire by the Feds (Remember the 70's and Lee Iacocca?)....if the Feds decide to do anything....(Probably so, since there are Bush/Obama cronies in Cerebus that owns that piece of crap company).

Go ahead...root for a bailout. Throw even more money into rat hole. And then watch as these companies come right back to Uncle Sam begging for more dough....when it's so worthless from inflation and interest rates are so high that nobody can afford a car....even a piece of crap from GM or Ford or Chrysler.

Aaahhh....America..... where Capitalism rules......until Capitalists screw it up so badly they beg for Socialism to save it.

General Motors: Beginning the Endgame?

Yeah...right, Gumby.....why don't you just stick to acting in dumb stop-motion cartoons.

Shareholders smell dog crap in the US automakers, but it's very old, dried out, bleached white dog crap. Look at a 50 year time-line of profitability and market share, and you tell me if these these companies deserve life support from the government. This will be the SECOND TIME that Chrysler has had it chestnuts pulled from the fire by the Feds (Remember the 70's and Lee Iacocca?)....if the Feds decide to do anything....(Probably so, since there are Bush/Obama cronies in Cerebus that owns that piece of crap company).

Go ahead...root for a bailout. Throw even more money into rat hole. And then watch as these companies come right back to Uncle Sam begging for more dough....when it's so worthless from inflation and interest rates are so high that nobody can afford a car....even a piece of crap from GM or Ford or Chrysler.

Aaahhh....America..... where Capitalism rules......until Capitalists screw it up so badly they beg for Socialism to save it.


On Nov 08 03:00 PM Gumby wrote:

> yak yak yak yak blah blah blah !!!!!
> Right now, Ford is at $2 and GM is at $4
> A screaming bargain, arent they?
> quit analyzing and analyzing...
> Just call your broker, simple as that!
> GM and Ford is missing something... called shareholders!